Cryptocurrency
Near analysisSoo my support zone of 4.8$ broke and we saw a free fall from my previous support of 4.8$. The bearish scenario we had discussed earlier has come into play . I have put support-resistance zones as after a crash we will se some relief movement and some side ways movement
soo the support is 3.2$ and 3.7$, the price may move side ways and as weekends were bearish i would predict price to be 3.2$
btc analysishead and shoulder are still there in our list just that now we assume it to create on a trend line rather than on a support line
if it breaks out with volume then we may reject the resistance or else a downward even with the breakout
I don't see this as a relief rally yet
this cant be the bottom as the volume has not increased much with increased prices in past
let's wait and watch for now
I am currently watching the market to react not entering any trade
if it's a successful breakout will enter a small amount or we will get a nice dip to enter in future
$BTC Daily update$BTC Given range remains in effect with $20,812 resistance holding. $19,894 showing some good support for last few hours, Last 1D candle closed with Doji could prove as confirmation to 1D bullish engulfing from 19 June. Good chance to break $20,812 here, Continue watching given resistance and support areas on the chart.
Bitcoin major market update - PAY ATTENTION !!!Bitcoin market update: Btc currently is trading at 20.7k and is in our demand zone market out previously. This zone of 16.9k - 20.1k is major point of interest currently, considering it’s also the previous all time high from the rally of 2017-18. If bitcoin holds this level we could see a retracement towards the 61.8 fib level(27.3k) to 28.5k - 31.58k supply zone. Where we could see #bitcoin tumble back down towards 12k should this happen. We are no where close to the bottom or end of the bear market, which in our opinion could last for another year or so.
Fundamentals: High inflation
Money gap
CME futures gap at 12k
Cash grab and hodl for bigger players until the dust settles.
$BTC Daily updateLast Friday Warned you about the possible drop that happened Saturday, $BTC Tested and broke $19,535 last Saturday, Given key support $17,999 tested and held. $20,812 resistance in effect with support at $19,535 currently. Last 1D close with bullish engulfing and 4H close with bearish engulfing expecting it to range $20,812-$19,003 today.
Looking at a 85% correction from top for buy trade.Seeing the history of correcting 83% from peak then 72%,56% and now I see a correction of 85% before BITCOIN starts it's upward journey. Thus according to my analysis after expected correction of 85% from peak demand zone for buying comes in the zone 12065-9825. Let's wait for 12065-9825 and see how the price reacts. No long trades before this level.
BTC Major breakdown of 50MA & S4 by one red candleLarge red bearish candle breached the 50 period moving average and S4 pivot supports this month. Next support level is at $6175.
head and shoulder pattern formed has already broken down. Fall expected equal to the height of the 'head' indicates a terminal price of 'zero'.
Update: BTC broke $ 20000, what' next?so BTC followed the projected path! there seems to be one more small push down before some relief is seen.
the relief could be a wave (iv) in blue or alternatively a bigger bounce (which remains to be seen that its a bullish reversal or a wave 2 rally only to fail and continue the decline down later).
Trade safe!
Buy And Hold Bitcoin for longBTCUSD buy now and hold for long BINANCE:BTCUSDT
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$BTC Daily update$BTC Given $19,894 support held, $19,894-$19,535 support area remains in effect here. $23,197 acting initial resistance as expected. Possible sideways range forming $19,894-$23,197. $21,299 current support. Gave your $19,894-$19,535 support area to watch over a month ago on May 10th😎.